Ventbunkers and Global Oil Services were asking the court to grant judicial protection and rule on recovery of losses.

The claimants also asked the court to impose two provisional measures. According to Aivars Gobins, this way the company ensured that the dispute was practically resolved without any trial.

Judicial protection means that members of the Supervisory and Management Boards are recognized by the Enterprise Register (ER) and have every right to handle the company’s assets.

Earlier, the District Court rejected the defendants’ plea on protection of their ownership right over Ventbunkers. An adjacent claim was also refused.

The defence represented by lawyers Daimars Skutans and Andrejs Eglitis have previously pointed out that it was impossible to grasp the purpose of the provisional measures. They stressed it was not clear what right was secured by imposing them.

The defence also argued that the claim for damages did not mention a fixed amount to justify it. According to Skutans, the provisional measures had no reasonable grounds and their goal was to control the situation, not help the court to make the right decision.

However, Kveps claimed that the measures were proportionate and aimed at protecting the tenure rights of the Supervisory and Management Boards. He also stressed that their goal was to ban the defendants from making changes at the Enterprise Register, as it was something they had always attempted to do. The applicants’ lawyer Lauris Leja said the measures were a legal requirement to protect the company’s assets, so that the other party could not handle them.

As reported earlier, on June 29 Riga Regional Court banned Meroni and Janis Haze, Aivars Gobins, Arita Linde, Diana Jukna, Martins Bunka, Mihail Dementjev, David Guy Anstis from taking posts in Ventbunkers. They were also forbidden to make changes at the Enterprise Register and amend the composition of the Supervisory Board without the consent of Ventbunkers Management Board (registered by the Commercial Register).

Meroni and his associates were also banned from making changes in the articles of association and the company’s share capital. Also this needed the approval of the Management Board, which would need to draw up a list of shareholders, who have taken part in a shareholder meeting, where it was ruled on amending the articles of association or boosting/reducing the share capital. The same applied to decisions on reorganization or liquidation of the company.

In 2017, the State Revenue Service (SRS) performed a total of 989 inspections at 212 catering companies. This includes 182 thematic inspections for 125 taxpayers. Violations were uncovered in 169 inspections. The most common violation was manipulation with cash registers, according to information published by SRS.

Latvia’s Finance and Capital Market Commission (FCMC) has plans to perform an additional investigation at ABLV Bank in the next couple of weeks, says the commission’s manager Pēters Putniņš, adding that no operational restrictions have been applied to the bank so far.

60% of Latvian residents feel happy. Although this is a good index, there has been a general decline of the sense of happiness, according to a study performed by Amigo mobile network operator and SKDS to assess the level of happiness of Latvian residents.

A raid was performed by the State Revenue Service and Riga Municipal Police to check taxi service providers in the capital. Authorities uncovered a total of 81 violations in 48 cases, BNN was informed by SRS.

The decision by US Finance Ministry’s Financial Crimes Enforcement Network (FinCEN) to apply sanctions against ABLV Bank for involvement in money laundering schemes and bribery of officials was not a surprise. It is a sign for acute need to continue improving investigative and supervisory institutions’ ability to prevent money laundering through Latvia, as noted by Delna – Society for Openness.

The existing income tax scheme in Estonia should be simplified, three parties in the Estonian Riigikogu find, but there are differences in opinion as to maintaining the current state budget income. Meanwhile, the opposition Reform Party has voiced backing for an annual tax-free income of 6,000 a year to every earner.

In the atmosphere of the March Russian presidential election, social network Instagram has submitted to the demands of Russia's internet censorship body and blocked in the country content with corruption claims voiced by Russian opposition figure Alexei Navalny.

On Friday, 16 February, weather in Latvia will be dictated by a small cyclone, which will approach the country from Sweden. Because of that, the sky will be cloudy and snowfall will come to many areas. The cyclone will not be strong. With that, wind speed will remain relatively slow, as reported by Latvian State Environment, Geology and Meteorology Centre.

In order to tell it, one needs to know the past and the presence. Yet the predicting how the centennial celebrations-engulfed Lithuania will look like in another hundred years is not easy at all even for political and business pundits.

To invite officials to explain the illegal decision in regards to the mutual agreement between Rīgas satiksme’s and Rīgas mikroautobusu satiksme’s, political party For Latvia’s Development urges opposition factions of Riga City Council to call an extraordinary meeting of the Transport Committee, as confirmed by the party.

Latvia’s cosmetics market is worth approximately EUR 160 million. Similar to Europe, skin and hair care products are the most popular ones. The smallest market proportion is occupied by decorative cosmetics, according to data from Latvian Cosmetic Manufacturers Association (LCMA).

We have seen interference «from above» in RB Rail’s activities. The law was not breached, however. With that, there was no need to report anything to law enforcement institutions, RB Rail CEO Baiba Rubesa told Ir magazine.

Latvian Economy Minister Arvils Ašeradens has to fix the mistakes that have caused electricity bills to increase, said chairman of Free Trade Union Confederation of Latvia Egils Baldzēns in an interview to 900 seconds programme of LNT.

Saku and A. Le Coq, two largest beer makers in Estonia have not published their exact sales numbers for the last year, but have been quick in stating that about one third of all beer drunk in Estonia was purchased in Latvia.

In the U.S., a high school has been attacked in the state of Florida, where gunshots have taken the lives of 17 people. Local police has detained a suspect – a 19-year-old man, who had been expelled from the same school.